Big Break on Capital Gains Taxes likely

The lasting effect of huge stock losses last year should minimize the capital gains that the funds distribute this year despite this year stockmarket rebound. As of October 31, only about 250 stock funds had declared capital gain distributions compared with more than 1600 at the same time last year and the average distribution was cut in half. If you are considering buying or selling a fund check its estimated taxable distribution on the fund company’s website

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